Compensation and Hours Sample Clauses

Compensation and Hours. [Option 1] [Use only for employees clearly and unmistakably exempt from overtime under Section 13(a)(1) of the Federal Fair Labor Standards Act as bona-fide executive, administrative, or professional employees, as those terms are defined and delimited in 29 CFR 541. Determination of exempt status should be made only with advice from labor and employment law counsel.] Employee is to work hours per week. Employee is to be compensated at $ per (check one)  monthly  weekly  twice monthly (specify) pay period. [Option 2] Employee is to be compensated at $ per hour. Employee will be compensated at $ per hour for all hours worked over 40 in any particular work week, which is 150% of Employee’s regular rate of pay. [Use the following statement only if on-site housing for employee is provided.] If Employee is furnished on-site housing by Employer, the value of which is part of Employee’s compensation, Employee and Employer hereby agree that $ per month is the actual cost to the Employer (or fair value, if actual cost exceeds fair value) of the housing furnished to Employee, in accordance with 29 CFR 531.3. Reasonable Agreement of the Parties as per 29 CFR 785.23: If Employee is furnished on-site housing by Employer, Employee will not be working all the time on the premises. Employer and Employee contemplate that Employee will engage in normal private pursuits and have enough time for eating, sleeping, entertaining, and periods of complete freedom from all duties during much of the time Employee is on the premises, as well as periods when Employee may leave the premises. Because it is difficult to determine that exact number of hours to be worked by Employee under these circumstances, Employee and Employer have evaluated all of the pertinent facts surrounding Employee’s work circumstances and have determined that hours per week is a reasonable estimate of the number of hours Employee will work each week, considering both normal and abnormal or emergency situations. If circumstances change so that this Agreement no longer reflects a fair estimate of the number of hours that Employee works, Employee agrees to notify Employer immediately in writing of such changed conditions so that a new Employment Agreement, reflecting a fair and reasonable estimate of the number of hours Employee works per week, may be negotiated. [If you provide housing and wish to assert the value of the housing in wages, you may use the following:] Employee shall be furnished housing which is ...

Compensation and Hours. The County will pay Consultant an hourly fee of

Compensation and Hours. (a) In full consideration of the completion of work or services under this agreement, NHI or its appointed agent, shall: (i) pay Consultant a fee, in accordance with the payment schedule, if any, specified in Appendix A. Such fee shall cover all ancillary expenses, such as office supplies and secretarial expenses. Consultant shall submit a Statement of Services to NHI at the end of each month (or such other period as may be agreed to by the parties) setting forth the tasks performed, the person(s) for whom such tasks were performed, and specifying the fees due with respect thereto. In addition and as appropriate Consultant may be required to submit supporting documents. NHI agrees to remit payment to Consultant within thirty (30) days of receipt of such statement, unless otherwise agreed. (ii) grant Consultant an option to purchase 500,000 shares of NHI’s common stock upon the closing of the Merger pursuant to the Company’s stock option plan. Such option shall have an exercise price equal to the closing price for the NHI common stock as reported on the OTC Bulletin Board on the business day prior to the closing of the Merger, shall have a term of fifteeen years, shall include the vesting terms set forth in Appendix B and otherwise shall be in the form of Appendix B. (b) In a typical year, it is expected that NHI would require two (2) days per quarter or eight (8) days per year of Consultant’s time. However, NHI will limit its requests for Consultant’s services to a maximum of no more than twenty (20) days per year.

Compensation and Hours. During the term of this Agreement, Consultant will be paid an annualized rate of $400,000 (“Consulting Fee”). Except as provided below, the Consulting Fee will be paid on a monthly basis. If during the term of this Agreement, the Agreement is terminated by the Company without Consultant’s breach, or Consultant terminates this Agreement because of the Company’s breach after providing the Company notice of such breach with reasonable disclosure of the circumstances of such breach and a reasonable opportunity to cure such breach if cure is possible, Consultant shall receive any remaining balance of the Consulting Fee as and when it otherwise is payable for the remainder of the term. If Consultant dies at any time during the term of this Agreement, all amounts unpaid and due Consultant (including unpaid Consulting Fees through the last day of the term) shall be paid to Consultant’s estate. The Company and Consultant agree that, during the term of this Agreement (as provided at Section 10 below), Consultant shall not perform services under this Agreement for the Company (or any other entity that would be considered a “service recipient” along with the Company under Treasury Regulation Section 1.409A-1(g)) in excess of 20% of the average time Consultant expended to perform services for the Company (and any other such service recipient) during the 36 months preceding the Effective Date. Consultant shall be solely responsible for monitoring his hours worked to remain at or below the aforementioned 20% threshold.

Compensation and Hours. The City agrees to compensate Employee for his services as City Manager as follows: A. “As of the effective date, Employee’s base salary will be $250,290.00 per year, which will be paid according to the City’s regular payroll periods, policies, and practices, except as modified by the specific terms of the Agreement.” Except as otherwise specifically set forth in this First Amendment, the remaining terms and obligations set forth in the Employment Agreement between the CITY and EMPLOYEE shall remain in full force and effect. DocuSign Envelope ID: 5608C294-D8CB-4374-854A-B4B14A1D505D This First Amendment shall be effective as of January 3, 2022, regardless of when executed by the parties. Xxxxxx Xxx, Mayor Xxxxx Xxxxx, Employee City of Orinda 1/12/2022 Xxxxx Xxxxx Xxxxx City Clerk 1/12/2022 1/12/2022 Xxxxxx Xxxxxx Employment Counsel for City DocuSign Envelope ID: 3CA20A82-A8CA-48BF-ADE1-945B395C5415

Compensation and Hours. The City agrees to compensate Employee for his services as City Manager as follows: A. “As of the effective date, Employee’s base salary will be $257,795.20 per year, which will be paid according to the City’s regular payroll periods, policies, and practices, except as modified by the specific terms of the Agreement.” DocuSign Envelope ID: 3CA20A82-A8CA-48BF-ADE1-945B395C5415 i. “Employee will perform 80 or more hours of work per two-week pay period, or Employee will otherwise account for at least 80 hours per two-week pay period as non-work time. More specifically, Employee will account for 80 hours per two-week pay period as one of the following:”

Compensation and Hours. The City agrees to compensate Employee for his services as City Manager as follows: A. “As of the effective date, Employee’s base salary will be $250,290.00 per year, which will be paid according to the City’s regular payroll periods, policies, and practices, except as modified by the specific terms of the Agreement.”

Compensation and Hours